Two night pictures of London.

English Limited Companies.

The English limited companies are a good solution to start a business in Europe, without being constantly present in the country and, most of all, without exorbitant costs for the incorporation, maintenance and accounting.

English Limited Liability Companies are generally used as:

• A company operating in the business sector online and offline
• A trading or import/export company
• A trademark, patent, domain and website holding company
• A company providing a comprehensive range of services worldwide
• A company which holds shares in other companies worldwide
• A headquarters or unit of companies operating in tax-favourable countries

The main characteristics of an English limited company can be summed up as follows:

• It can be run only by one director (there is no nationality constraint), natural or juridical person
• It can have one or more shareholders, natural or juridical persons, one shareholder may also be director of the Ltd.
• There is no paid up capital required and the capital committed can be paid up in cash or in kind. The liability of the individual partner will be limited to the capital acquired by the company yet not paid up
• It may have a ‘generic’ charter to accomplish any legal business
• The partners and directors meetings may be held anywhere in the world attending personally or by proxy
• It would be better to sell shares in trusts (trust management of shares)
• UK resident companies can be arranged with a VAT registration number available on the European web site VIES

For the incorporation of an English Ltd. we provide the following documents and standard services:

• Certified charter
• Certificate of Incorporation / Registration
• Minutes of the first meeting
• General Power of Attorney
• Abstract of the Company House
• Company kit plus apostilles
• Corporate Seal
• Briefcase
• Trust Agreement(s) between the beneficiary/ies and the trust company in charge of the shares
   
• Use of the registered office (to our office – in a prestigious address and building)
• Provision of the registered agent (local figure who handles the relations between the company and the local authorities and who receives legal communications concerning the company)
• Turn-key service
• Nominee service of directors / shareholders
   
• Our group has also a number of Limited already formed
  and ready to be handed over within few days.
  
    FOR MORE INFORMATION  

English Limited Liability Partnership (LLP).

The Limited Liability Partnerships were recently included in the Law issued on 2000 on the limited liability companies (came into force in 2001).
They are a new kind of company with interesting characteristics for those businessmen who wish to operate in Europe in a tax system rather than the company itself.

Limited partnerships are generally used as:

• A consulting company online and offline
• A trading or import/export which yields a return on the start up trade or know how
• A trademark, patent, domain or web site holding company
• A company producing software online or offline
• A company providing a comprehensive range of services worldwide
• A headquarters or unit of companies operating in tax-favourable countries

The main characteristics of an English limited partnership can be summed up as follows:

• Two partners, natural or juridical persons with no nationality constraint can set up the LLP; they will also run the partnership jointly, in case of no other agreement
• There is no paid up capital required and the capital committed can be paid up in cash or in kind. The liability of the individual partner will be limited to the capital acquired by the company yet not paid up
• It may have a ‘generic’ charter to accomplish any kind of legal business
• The LLPs set up by two non-resident partners in their own country (for example Panama) cannot be taxable in UK (when profits are not made in UK or do not come from UK sources)
• The UK resident partnerships can be arranged with a VAT registration number available on the VIES European web site

For the incorporation of a LLP we provide the following documents and standard services:

• Certified charter
• Certificate of Incorporation / Registration
• Minutes of the first meeting
• General Power of Attorney
• Abstract of the Company House
• Company kit (kit of the company) plus apostilles
• Corporate Seal
• Briefcase
• Trust Agreement(s) between the beneficiary/ies and the trust company in charge of the shares
• Use of the registered office (to our office – in a prestigious address and building)
• Provision of the registered agent (local figure who handles the relations between the company and the local authorities and who receives legal communications concerning the company)
• Turn-key office
• Nominee service of partners
  
    FOR MORE INFORMATION  

Do you wish to know something more about the Anglo-saxon law?

New Zealand, Cyprus and many other countries worldwide learned from England and Wales about company law and how incorporate and legalize a company. Even though a lot of the ex-colonies surpassed their master, the UK still offers numerous advantages and simple laws for those who wish to set up a new business or protect their assets.
UK is not the main strategic objective of our group, yet, because of rising demands, we have decided to offer our customers services in these jurisdictions:

• European geographical position
• It can be easily reached by scheduled and low cost flights
• Fairly low corporate tax
• Rapid Incorporation times
• Global acceptance

Our Group provides the following services in UK:

• Incorporation of LTD and LLP
• Business tax registrations and VAT
• Accounting and auditing
• (through affiliated professional accountants)
• Secretarial services (mail and phone forwarding)
• Trust and nominee services

When nearness is not
an advantage...

Are nearness and excellent means of communication with another Country always an advantage?
It depends on the way investors wish to set up their company abroad. If you have planned on starting a business in a foreign country and you want to rent an office, to engage a secretary and fly to the country from time to time in order to run your business then UK and London are the ideal solution, though the costs for business and personnel management have risen because of the sterling.
If, on the contrary, you want to run your company relying upon secretarial outsourcing service providers and you think that you will never go to your office to verify where it is … then maybe we should give some useful information … for example, a flight to New Zealand costs a few thousand euros and it takes 24 hours, whereas for a flight to London 10 euros and few hours will be enough.
We have also to consider both the accounting and the VAT factor. In order to do business with Europe, a UK LTD in fact must be arranged with all the tax registrations, as well as with a professional accountant who keeps the accounts … though the corporate tax is not so different from the Italian tax system.

The English corporate tax can be calculated as follows:

Company income GBP Corp. tax £ 0 - £ 10'000 0% £ 10'001 - £ 50'000 23,75% £ 50'001 - £ 300'000 19% £ 300'001 - £ 1.500.000 32,75% Over £ 1.500.000 30%

In addition to what we have stated, there are some exceptions which we can analyse during a consultancy meeting in order to consider if a UK LLP is what you really want.

  FOR MORE INFORMATION  

LLP: the partnership is profitable if partners are offshore...

The English fiscal regulations provide that an LLP shall pay taxes ‘out of transparency’, that it to say it pays no tax but its members do in relation to the income or gains they receive through the LLP. Members non resident in UK and running businesses outside the UK will not be taxable in England as their profits are not liable to the English territorial taxation […] Granted that profits do not come from a UK business, if the members of an LLP are natural non–resident persons or natural resident persons, yet not domiciled in England, or if they are foreign companies registered anywhere in the world, they must declare in their country their profits which will not be taxed in UK.

  FOR MORE INFORMATION  

Our office in England:

 Domain Fiduciary Company LTD
95 Wilton Road
SW1V1BZ London - UK